$1,388,000

For sale

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68 Elm Grove Avenue, Richmond Hill (Oak Ridges) - Single Family for Sale

68 Elm Grove Avenue, Richmond Hill (Oak Ridges), Ontario, L4E2W8

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Listed by RE/MAX WEST REALTY INC.

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For saleJust listed

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Listed by REMAX YOUR COMMUNITY REALTY

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For saleJust listed

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$1.94M

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5 bd5 ba4 pk3,250 ft²Lot size 57 × 99 ft (5,616 sq ft)

Listed by RE/MAX EXCEL REALTY LTD.

Investment analysis

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$1,388,000

Richmond Hill

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50 × 204 ft (10,230 sq ft) lot size

Overview

This 3-bedroom, 1-bathroom home in Richmond Hill is for sale offering roughly 1,300 sq ft of space. Listed at $1,388,000, it is attractively priced about 13% below the $1,599,000 median asking price in Richmond Hill.

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Description

Welcome to 68 Elm Grove Avenue, Richmond Hill, located in the prestigious community of Oak Ridges. Set on a stunning 50 x 200+ ft mature lot, this exceptional property is surrounded by magnificent custom-built multi-million-dollar homes, making it an outstanding opportunity for builders, investors, or end users. The beautifully treed lot offers privacy, character, and the perfect setting to design and build your dream luxury home. Ideally situated just steps from Yonge Street, you'll enjoy convenient access to shopping, restaurants, parks, transit, and every essential amenity. Families will appreciate the close proximity to some of the area's most sought-after private schools, including Country Day School, Villanova College, and several other prestigious educational institutions. Whether you're looking to create your forever home, secure a long-term investment, or develop a luxury custom residence in one of Richmond Hill's most desirable neighbourhoods, 68 Elm Grove Avenue presents a rare opportunity you won't want to miss. (id:66096)

Property Details

MLS®: N13558562
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 9
Interior Size: 1,300 ft²
Lot Size: 50 × 204 ft (10,230 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Full
Heating: Natural gas, Other
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $5,617.16/yr
Listed: 116 days ago

Features

Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

116d

Richmond Hill (Oak Ridges) listings, avg age

58d

Price / ft²

$1,068

List price

$1.39M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Richmond Hill (Oak Ridges) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by REMAX YOUR COMMUNITY REALTY · EUGENIO STURINO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4E)

This home lists at $1,388,000, about 10.9× the local median household income of $127,000.

Carrying it typically needs a household income of about $271,125 (20% down, 25-yr amortization, stress-tested) — roughly 113% above the area median.

Median household income: $127,000
Population: 54,606
Median age: 40.4
Owner / renter: 87% / 13%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L4E)

$1,388,000· $1,068/ft²

For sale

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Full Cost Breakdown

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Down Payment8.20% · $113,800

Min 8.20%50%

Mortgage payment$7,064/mo

↳ CMHC premium ($50,968 capitalized)

Property tax (est.)$468/mo

Total monthly$7,532

Cash Needed to Close

Down payment (8.20%)$113,800

Land transfer tax$24,235

Est. closing costs$6,664

Total cash needed$144,699

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice